July MPDC Webinar | Bridging Pediatric Funding Gap Legislative Strategies

Our July 8th webinar, "Bridging the Pediatric Funding Gap: Legislative Strategies for Innovation," addressed the critical issue of insufficient venture capital investment in pediatric medical technologies and explored potential legislative solutions. This session focused on actionable strategies to accelerate pediatric innovation and how state-level initiatives can drive crucial investment to support this underserved area.

Here's a summary of the key takeaways:

The Pediatric Funding Gap: The webinar highlighted the significant shortfall in venture capital investment directed towards pediatric medical technologies compared to adult technologies. This gap hinders the development of devices specifically designed for children, leading to potential health disparities.

Potential Legislative Solutions: The panel explored various legislative strategies aimed at incentivizing investment in pediatric medical devices. Key areas of focus included:

• Subsidized Regulatory Fees: The discussion covered the potential impact of reducing or subsidizing regulatory fees associated with bringing pediatric devices to market. This could alleviate the financial burden on smaller companies and startups, encouraging them to pursue pediatric innovations.
• Higher Reimbursement Rates: The webinar examined the feasibility and impact of implementing higher reimbursement rates for pediatric medical devices. This would create a stronger market incentive for companies to develop and commercialize these products.
• State-Level Initiatives: The panelists discussed how state-level policies and programs can play a crucial role in addressing the funding gap. This included exploring successful state models, potential funding mechanisms, and strategies for fostering collaboration between state governments, healthcare institutions, and industry.

Actionable Strategies: The webinar provided attendees with actionable strategies they could advocate for or implement within their own organizations and communities. This included engaging with policymakers, supporting advocacy groups, and promoting awareness of the pediatric funding gap.

Key Highlights:

• There is an urgent need for increased investment in pediatric medical device innovation.
• The potential of legislative solutions, such as subsidized regulatory fees and higher reimbursement rates, to drive investment.
• The importance of state-level initiatives in supporting pediatric medtech development.
• Practical steps for stakeholders to advocate for change and accelerate progress.

We look forward to your participation!

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